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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Centre approves procurement of 9023 tonnes of sunflower i...
2026-05-05 · via Economy News, Latest Economic News Today | The HinduBusinessLine

The Union Agriculture Ministry has approved the procurement of 9023 tonnes of sunflower at MSP in Karnataka for the Rabi 2026 season.

Also, the Centre has increased the maximum procurement limit of gram in Maharashtra for the Rabi 2025-26 season to 8,19,882 metric tonnes.

Together, these decisions will provide MSP support worth more than ₹4,886.46 crore to farmers, according to an agriculture ministry statement.

Approving a proposal from the Karnataka government, Agriculture Minister Shivraj Singh Chouhan sanctioned the procurement of 9,023 metric tonnes of sunflower under the Price Support Scheme (PSS) for the Rabi 2026 season.

The total MSP value of this approval exceeds ₹69.66 crore. The decision is expected to ensure that sunflower farmers in Karnataka receive fair and remunerative prices for their produce.

The move is particularly significant for farmers who often face the compulsion to sell their produce at lower prices due to unfavourable market conditions.

Chouhan also approved a proposal from the Maharashtra government to increase the maximum procurement quantity of gram under the PSS to 8,19,882 metric tonnes for the Rabi 2025–26 season. The total MSP value of this decision exceeds ₹4,816.80 crore.

The government has also extended the procurement period for gram in Maharashtra by 30 days, allowing purchases to continue until May 29, 2026.

This extension is expected to benefit farmers who were unable to sell their produce within the earlier deadline. It will enable a larger number of farmers to avail MSP benefits and avoid selling their produce at lower prices due to market pressure.

The decisions taken by the Centre are aimed at protecting farmers from distress sales and ensuring that they receive fair value for their produce. By expanding procurement operations and extending timelines, the government seeks to create a more secure and predictable environment for agricultural producers.

Published on May 5, 2026